Financial Services Industry
Industry: Email Alert RSS FeedActivists fight proposed N.D. Blue mutualization. (Blue Cross Blue Shield of North Dakota)
National Underwriter Life & Health-Financial Services Edition, February, 1997 by Bell, Allison
Blue Cross Blue Shield of North Dakota has submitted a petition to the North Dakota Insurance Dept. to convert itself from a nonprofit health service corporation into a nonprofit mutual. Consumer activists have opposed the mutualization, claiming that North Dakota Blue is a public charity that belongs to the people of North Dakota. North Dakota Blue officials claim that the mutualization will give them added flexibility and allow them to better serve the people of North Dakota.
Blue Cross Blue Shield of North Dakota is fighting for the right to become a nonprofit mutual without giving away its assets.
Consumer activists told state regulators the Fargo, N.D. nonprofit health service corporation is charity that belongs to the people of North dakota and should...
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